Brief: Flow Traders Q1 EBITDA Up At 323.7 Million Euros

Flow Traders

21/04/2020 06:20

April 21 (Reuters) - FLOW TRADERS NV  FLOW.AS :
    * Q120 EBITDA REACHED EUR 323.7M WITH A MARGIN OF 65%
    * Q120 NET PROFIT AMOUNTED TO EUR 262.3M WITH EPS OF EUR
5.71
    * FLOW TRADERS RECORDED NTI OF EUR 495.0M IN Q120 VERSUS NTI
OF
EUR 46.1M IN Q419 AND EUR 63.1M IN Q119
    * FLOW TRADERS ETP VALUE TRADED INCREASED 76%
QUARTER-ON-QUARTER
AND INCREASED 71% VERSUS Q119
    * MARKET ETP VALUE TRADED INCREASED 100% QUARTER-ON-QUARTER
AND
80% VERSUS Q119
    * ON CORONAVIRUS: OUR BUSINESS CONTINUITY PLAN WAS
IMPLEMENTED
SMOOTHLY WITH 80% OF OUR WORKFORCE ABLE TO WORK FROM HOME IN A
MATTER OF DAYS
    * ON CORONAVIRUS: FLOW TRADERS MAINTAINED ITS CONSERVATIVE
CAPITAL
POSITION WITH SIGNIFICANT EXCESS CAPITAL AND A STRONG BALANCE
SHEET
    * ON CORONAVIRUS: THIS QUARTER ALSO DEMONSTRATED FLOW
TRADERS'
OPERATIONAL LEVERAGE WITH STRONG COST DISCIPLINE
    * ON CORONAVIRUS: FROM A TRADING SYSTEMS PERSPECTIVE, NO
OUTAGES
OR DOWNTIME WERE EXPERIENCED
    * ON CORONAVIRUS: RESULTS AND TRADING PERFORMANCE WERE
BALANCED
ACROSS ALL TRADING DESKS THIS QUARTER, INCLUDING DURING INTENSE
PERIOD IN MID-MARCH
    * PROPOSED FINAL FY19 DIVIDEND OF EUR 0.55 WILL NOW TAKE
FORM OF
AN INTERIM DIVIDEND WHICH WILL BE PAID AS PER PREVIOUSLY
ANNOUNCED TIMETABLE ON 5 MAY 2020
    * THIS DOES NOT AFFECT 2020 INTERIM DIVIDEND WHICH WILL BE
ANNOUNCED AS PART OF HALF-YEAR RESULTS
    * AS A RESULT, A FINAL DIVIDEND OF EUR 0 WILL BE PROPOSED AT
RESCHEDULED ANNUAL GENERAL MEETING, RESULTING IN A TOTAL
DIVIDEND FOR FY19 OF EUR 0.90

Source text for Eikon:  ID:nGNE1LlK5H 
Further company coverage:  FLOW.AS 

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